Day: March 19, 2025

CNBC   The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year. Faced with pressing concerns over the impact tariffs will have on a slowing economy, the rate-setting Federal Open Market Committee kept its key borrowing rate targeted in a range between 4.25%-4.5%, where it has been since December. Markets had been pricing in virtually zero chance of a move at this week’s two-day policy meeting. Along with the decision, officials updated their rate and economic projections for this year and through 2027 and altered the pace at which they are reducing bond holdings. READ THE FULL STORY                 

The Hill   President Trump proposed a takeover of Ukrainian power plants as a form of protection, suggesting the U.S. could deter Russian attacks, amid a push for a partial ceasefire between Kyiv and Moscow covering energy facilities and infrastructure. Trump made the offer during a call with Ukrainian President Volodymyr Zelensky on Tuesday.    “American ownership of those plants would be the best protection for that infrastructure and support for Ukrainian energy infrastructure,” national security adviser Mike Waltz and Secretary of State Marco Rubio said in a joint statement following the call.  READ THE FULL STORY                 

Axios   Senate Minority Leader Chuck Schumer (D-N.Y.) is facing more calls to step aside than have previously been reported, with the possibility of more soon to come, Axios has learned. No senators have called for Schumer to step down. But outside the Senate, he’s enduring a pounding from Democrats who want him to adopt more combative tactics or step aside for someone who will. Rep. Delia Ramirez (D-Ill.), asked at a town hall on Tuesday whether Schumer should “retire or step down,” nodded her head and said “yes.” Ramirez’s comments have not previously been reported. READ THE FULL STORY